Do we fail to take Data Security Seriously?

Do we fail to take Data Security Seriously? From my experience most companies I have seen fail to take data security seriously.

The sad fact is that In the life time of most companies a Breach will happen, but with good Data Security in the form of encryption the stolen data can be rendered as useless to the attacker, so your company and your customer are not impacted. Since 2013 only in 4% of breaches was the data rendered as useless to the attacker because companies acted responsibly and used encryption.